Spencer Pharmaceutical (SPPH)

[sunspotter]

"Well they just posted news that they recieved $500,000 non-refunable deposit"

Actually they posted news that they have a "commitment" for the half a million bucks, as the headline of today's PR makes clear, although of course, they want you to misread it and assume they actually have the money, just as you did:


"Spencer Pharmaceutical Receives a $500,000 Non-Refundable Deposit Commitment From Al-Dorra"

However, as we have come to expect, the title of the PR is highly misleading, because as the main body of the PR makes clear this $500,000 has not yet hit Spencer Pharmaceutical's bank account:

"This commitment, the form of which will be determined, will be non-refundable. According to the letter by Al-Dorra, they will forward this commitment on or before November 30, 2010."

And, of course, it never will.

(Incidentally, the PR refers to "Al-Dorra", whereas all their previous PRs have referred to "Al-Dora". This is an error,albeit probably an intentional error, as Kuwait-based Al-Dorra is a perfectly respectable company (http://www.al-dorra.com/) which has nothing to do with the fictional entity Al-Dora (based in UAE according to the mobile number of one of its principals) which was established with the sole intent of robbing investors via the SPPH pump and dump scam. Doubtless Dr. Arella and his puppet masters would like you to confuse the two, although they may have gone a step too far this time.)

So no money has changed hands, in spite of the grossly misleading leading headline on the PR.

Frankly, given the outrageous nature of Spencer Pharmaceuticals' previous lies about the approval and marketing of Met4 and its other alleged products, the fact that in fact they do not have US offices but simply an accomodation address, the tens of thousands of dollars that are being spent by a mysterious third-party on propagating SPPH's fictional PRs across the Internet via various sleazy penny stock promoters such as IAB, then even if they said they'd received the money in the body of the text, I simply wouldn't believe it.

And neither should you.